Avangrid Deepens Commitment to U.S. Economy with $4.3 Billion Supplier Investment in 2024
Avangrid, Inc., a prominent energy company and a proud member of the Iberdrola Group, has significantly ramped up its investment in the U.S. economy by increasing its expenditures with domestic suppliers to an impressive $4.3 billion in 2024. This marks a notable 16% increase from the previous year and highlights the company’s growing commitment to supporting American manufacturing, job creation, and energy infrastructure.
The scale of Avangrid’s operations and its reliance on a broad and diverse supply chain is evident in its collaboration with more than 7,000 suppliers spread across all 50 states. This extensive network allows Avangrid to source high-quality, American-made equipment for both its utility subsidiaries in the Northeast and its power generation assets nationwide. The company views its relationship with domestic suppliers not just as transactional, but as a vital pillar in ensuring the delivery of reliable, resilient, and cost-effective electricity to communities throughout the United States.
Avangrid’s focus on domestic partnerships is also a strategic component of its broader energy mission—strengthening national energy security, reducing dependency on foreign sources, and helping build a more self-reliant and sustainable energy ecosystem. According to Avangrid CEO Pedro Azagra, the growing investments reflect not only a business imperative but also a deeply held value system rooted in economic development and community empowerment.
“These figures are remarkable and demonstrate Avangrid’s commitment to supporting our domestic partner network,” said Azagra. “Year in and year out, our energy infrastructure projects not only enable Avangrid to deliver reliable and affordable power for homes and businesses but contribute to local and regional economies across the continent. Avangrid is proud to support American companies and jobs through our supply chain.”
This commitment to U.S. manufacturing and job support is visible through specific partnerships with companies that exemplify American resilience, innovation, and craftsmanship. Avangrid’s supplier relationships go far beyond procurement—they embody a shared mission to strengthen communities and industries that are foundational to the nation’s growth.
Empowering U.S. Manufacturers
A crucial part of Avangrid’s supply strategy involves long-term relationships with manufacturers who produce critical infrastructure components within the U.S. These companies supply everything from treated wood poles to high-voltage transmission cables, ensuring the reliability of the country’s power grid and the success of new energy projects.
One such partner is Thomasson Company, headquartered in Macon, Mississippi. Specializing in treated wood utility poles, Thomasson has been an indispensable partner for Avangrid’s utility operations, particularly during emergency response and recovery after major storms. The company is a woman-owned business employing more than 100 individuals across its operations in the Southeast, representing a vital thread in America’s manufacturing fabric.
“The partnership between Thomasson Company and Avangrid has been vital to the success of our company,” said Craig Vowell, sales lead with Thomasson Company. “We are a proud, family-owned company that strives to contribute to our regional economy and support the livelihoods of our employees. We look forward to future growth together.”
Another example of Avangrid’s domestic partnerships is The Okonite Company, a New Jersey-based, employee-owned enterprise that supplies Avangrid with crucial electrical cables. With manufacturing facilities in states like South Carolina, Kentucky, and California, Okonite’s team of employee-owners takes pride in delivering quality products that power critical infrastructure.
“Okonite’s employee-owners contribute to Avangrid’s mission with world-class products and services,” said Jonathan Havey, vice president of sales and marketing at Okonite. “Their partnership indirectly supports hundreds of employees, and every foot of cable we produce carries not just electricity, but the pride of the people who made it.”
Southwire, headquartered in Carrollton, Georgia, is another long-time Avangrid supplier. The company is one of the largest wire and cable manufacturers in North America and supports Avangrid’s infrastructure, transmission, and substation projects. Southwire’s U.S. manufacturing footprint includes facilities in Alabama, Georgia, Indiana, Kentucky, Mississippi, North Carolina, and Texas—enabling it to play a pivotal role in the buildout of modern energy systems across the nation.
Driving America’s Energy Future
Avangrid’s $4.3 billion investment with U.S. suppliers in 2024 is a foundational component of the company’s broader strategic plan, which includes a $20 billion commitment to modernize America’s energy grid over the next several years. This plan supports key national priorities such as strengthening the electric grid, expanding access to clean energy, and increasing system resilience in the face of climate change and rising electricity demand.
By prioritizing domestic sourcing and aligning with American manufacturers, Avangrid is helping to ensure that the transition to a clean energy economy also delivers tangible economic benefits at home. The company’s investments are directly linked to job creation, local business development, and the preservation of critical industrial capabilities within the U.S.
In addition, Avangrid’s emphasis on domestic partnerships supports American energy independence at a time when global energy supply chains are experiencing increased volatility. By reducing reliance on foreign suppliers and investing in U.S.-based production, Avangrid enhances the reliability and responsiveness of its supply chain—essential factors for energy companies navigating the challenges of climate events, cybersecurity threats, and rapidly changing market demands.
Commitment Beyond Numbers
While the $4.3 billion investment figure is impressive, the broader impact of Avangrid’s efforts lies in the lives it touches and the communities it strengthens. From electricians installing Okonite cables to mill workers producing Thomasson’s poles, to the hundreds of families supported by jobs at Southwire plants, Avangrid’s supply chain investments ripple outward into meaningful economic contributions.
This people-first approach resonates through every supplier relationship Avangrid fosters. Whether it’s enhancing grid resilience through innovative infrastructure or partnering with family-owned businesses that represent the heart of American enterprise, the company’s vision of sustainable energy is intrinsically linked to its investment in people and place.
As Avangrid continues to advance its clean energy and infrastructure goals, it remains firmly rooted in the belief that a stronger, more secure, and more equitable energy future is built not just on technological advancements but also on deep, collaborative relationships with American suppliers and workers.
Avangrid is expected to build on its momentum by continuing to scale its investments in the U.S. supply chain and further integrating sustainability, equity, and innovation into its procurement practices. In doing so, the company will remain a model of how energy leaders can simultaneously power communities, uplift local economies, and drive the nation toward a more resilient and independent energy future.
